Siemens is nearing a deal worth up to €13 billion to boost Iraq’s power generation capacity by half over four years, Handelsblatt has learned. CEO Joe Kaeser met Iraqi Prime Minister Haider Jawad al-Abadi in Baghdad Sunday.
“There won’t be any Porsche diesels in the future,” CEO Oliver Blume said, adding that three years of Dieselgate tarnished the sports carmaker’s image. The Volkswagen unit is the first German auto giant to ditch the diesel engine. (Bild am Sonntag)
Airbus announced it will soon begin producing airline parts using 3D printing. A titanium door component for A350 aircraft will be the first, reducing weight by around 4kg (8.8 pounds).
A new law is set to force airlines operating in Germany to verify the identity of passengers as they board their aircraft. Checks of passports and ID cards at departure gates are currently voluntary.
The US owner of the German concrete-maker Xella is considering taking it public. Investor Lone Star could launch an IPO early next year, Reuters has learned.
The supermarket chain Rewe said it would be happy to buy unusually shaped or colored fruit and vegetables from farmers this autumn to help them ride out the current drought. The lack of rain has affected the growth of fresh produce.
BMW’s independent German dealerships refused to sign a new contract with the luxury carmaker, saying it would hit their earnings. They want to negotiate a better deal.
Carmaker Opel, part of Peugeot maker PSA, is considering stopping production on several days in October due to falling orders. The number of cars completed per hour will also soon be cut from 42 to 35, sources said. (VRM)
A Munich judge opening a trial between Apple and Qualcomm over patents suggested they settle their dispute out of court or in arbitration because holding trials in several venues simultaneously won’t achieve their goal. (DPA)